Earlier Report Observations
Between 2018 and 2019, government tax reductions and subsidies for generic drug production, coupled with low labor costs, attracted new pharmaceutical companies to Bosnia and Herzegovina. Consumer preference for affordable generics further stimulated market activity, laying the foundation for future growth in the retail penicillin and streptomycin medicaments segment.
The market size expanded from $6.5 million in 2021 to $9.8 million in 2023, supported by rising domestic production and sustained import volumes. A slight contraction to $9.6 million followed in 2024, while local production continued to increase, indicating a shift in supply dynamics.
Throughout the period, regulatory differences between the Federation of Bosnia and Herzegovina and Republika Srpska, with more centralized pharmaceutical regulation in the Federation, influenced market access and product registration, adding complexity to the market structure.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2021-2024
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2021-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Bosnia and Herzegovina
- 5.1.1. In value, 2021-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In value, 2018-2024, K $ US
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5.1. Production in Bosnia and Herzegovina
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
- 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
- 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
- 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
- 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production for retail sale medicaments with penicillins or streptomycins in Bosnia and Herzegovina
In value, 2018-2021, K $ US
Annual dynamics of production in Bosnia and Herzegovina in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
Exports for retail sale medicaments with penicillins or streptomycins from Bosnia and Herzegovina
Exports in kind, t
Market performance showed noticeable fluctuations during this period. Exports reached their lowest point in 2020 and peaked in 2018, with a staggering 185-fold difference between these years. In 2021, Bosnia and Herzegovina exported 0.7 tonnes of retail sale medicaments containing penicillins or streptomycins, marking a dramatic increase of 1 047.7% compared to 2020. The minimum value was recorded in 2020 at just 0.1 tonnes, while the largest decline occurred that same year, dropping by 92.9%.
Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (92.4%) | (92.9%) | 1 047.7% | (60.4%) |
From 2018 to 2021, the structure of exports in kind was heavily dominated by a single market: Libya, which accounted for 96.4% of total flows.
Structure of product's exports in kind by countries, 2018-2021
World map of product's exports from Bosnia and Herzegovina in kind, 2018-2021
Exports in value, K $ US
Market performance exhibited significant fluctuations during this period. The lowest point was recorded in 2020, while exports peaked in 2018, showing a substantial 92-fold gap between these years. In 2021, deliveries of retail sale medicaments with penicillins or streptomycins from Bosnia and Herzegovina stood at 39 000 US dollars, representing a sharp rise of 692.9% compared to the previous year. The minimum value was 5 000 US dollars in 2020, and the largest decline occurred that year, falling by 94.3%.
Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (80.8%) | (94.3%) | 692.9% | (55.8%) |
Between 2018 and 2021, Libya was the almost exclusive buyer of retail sale medicaments containing penicillins or streptomycins from Bosnia and Herzegovina, taking 93.8% of total exports in value terms.
Structure of product's exports in value by countries, 2018-2021
World map of product's exports from Bosnia and Herzegovina in value, 2018-2021
Imports for retail sale medicaments with penicillins or streptomycins to Bosnia and Herzegovina
Imports in kind, t
Imports of retail sale medicaments with penicillins or streptomycins into Bosnia and Herzegovina declined for the third consecutive year. In 2021, imports reached 75.9 tonnes, reflecting a decrease of 26.7% compared to the previous year. Between 2018 and 2021, imports fell by 44%, equating to an annualized decline of 17.6%.
Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (17.2%) | (7.6%) | (26.7%) | (17.6%) |
From 2018 to 2021, Serbia (37.5% of imports in kind), Slovenia (16.7% of imports in kind), and Turkey (8.5% of imports in kind) continued to be the main suppliers of retail sale medicaments with penicillins or streptomycins to Bosnia and Herzegovina, jointly forming 62.6% of total imports in kind.
Structure of product's imports in kind by countries, 2018-2021
World map of product's imports to Bosnia and Herzegovina in kind, 2018-2021
Imports in value, K $ US
Imports of retail sale medicaments containing penicillins or streptomycins into Bosnia and Herzegovina declined for the third year in a row. In 2021, imports were recorded at 3 337 000 US dollars, indicating a sharp loss of 30.8% from a year earlier. Over the period from 2018 to 2021, imports decreased by 39.4%, with a compound annual growth rate (CAGR) of -15.4%.
Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.5%) | (9.2%) | (30.8%) | (15.4%) |
Throughout 2018 to 2021, the three largest markets—Slovenia, Serbia, and Austria—remained central to imports in value terms, together accounting for 56.8% of total flows.
Structure of product's imports in value by countries, 2018-2021
World map of product's imports to Bosnia and Herzegovina in value, 2018-2021
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